IMF’S SPECIAL DRAWING RIGHTS DEBASED

The International Monetary Fund (IMF) silently allowed its member states to buy up hard assets around the world including digital currencies (cryptocurrencies) by creating a new layer of fiat.

The IMF was able to undergo this silently because its Special Drawing Rights (SDR) reserve policy created in anticipation of a dollar crisis has been debased, thereby creating a space for all member countries to access part of the $500 Billion.

5% per year is devastating for any nation-state (even developed countries). If you ask any Western European country to automatically have a surplus of 5% of its annual GDP (say, as a collateral to receive a multi-billion IMF rescue package), it would immediately mean the end of its welfare state, just to give you an example.

The SDR is an international reserve asset, created by the IMF in 1969 to supplement its member countries’ official reserves. So far SDR 204.2 billion (equivalent to about US$293 billion) have been allocated to members, including SDR 182.6 billion allocated in 2009 in the wake of the global financial crisis. The value of the SDR is based on a basket of five currencies — the U.S. dollar, the euro, the Chinese renminbi, the Japanese yen, and the British pound sterling.

It is not known why the IMF decided to take this step, yet it can be alleged that the institution is fully aware of the facts that creating more liquidity out of thin air will debase the 5 major currencies of the world which are also directly tied to the SDR, and by doing this they are practically informing its member states to invest or buy up hard assets before the debasement becomes r eal.

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